CFI United Kingdom recently acted as lead financial advisor on the sale of Pinnacle Complete Office Solutions to Ethos Group which has been named Insider‘s Wales Deal of the Month for March.
As a fellow Xerox Platinum and HP Silver Partner, the acquisition of Pinnacle helps expand the Ethos Group’s print portfolio, further enhancing the bespoke service that Ethos can offer its customers whilst complementing and expanding its geographical reach. With a combined workforce of over 200 employees, annualised Group turnover will be in excess of £42M by the end of the next financial year whilst looking to maintain EBITDA at 18% of turnover.
The acquisition provides an exit for the Development Bank of Wales, which provided debt and equity funding to support the MBO led by Clive Hamilton, Pinnacle’s managing director.
Congratulations to the CFI UK team!